A new year will be upon us before we know it. If you have any elected or appointed officials who will start a new term in January, make sure they are aware they may need to keep a Record of Activities (ROA) that contains a daily detail of hours worked and duties performed directly related to their position. Learn more by reading the Reporting Elected & Appointed Officials page on our website.
The amount of overtime earned by Tier 5 members that should be reported is limited. Tier 5 overtime limits are based on the calendar year (January 1 – December 31). For ERS members, the overtime limit increases 3 percent every year. The limit for 2017 is $18,448.11. PFRS members, however, are limited to 15 percent of their regular annual salary. Visit our Tier 5 Benefit Information page for more information.
Your annual invoice is available online. Your payment must be received on or before December 15, 2016 if you choose to pay the discounted amount; otherwise the full amount of your invoice will be due on February 1, 2017. You can read our Invoice Quick Reference webpage if you have questions.
The legislation that created Tier 6 established variable contribution rates for members based on their annualized wage. This video will help you understand how rates are determined and your important role in the process.